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April 26, 1994

GERSTNER EXPECTING PROFIT

By CBR Staff Writer

IBM Corp chairman Louis Gerstner told the annual meeting in Toronto yesterday that he expects the company to earn a profit this year: I am not writing a pledge in stone, but barring some unforeseen circumstances, we are planning on being profitable in 1994, Gerstner said, adding – I think it’s safe to say the funeral dirge is over.

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